There is a considerable amount of uncertainty in the base metals market surrounding the implication of the trade deal between the US and China. Base metal prices reacted unevenly to the US-China tariff agreement. Aluminium prices initially increased, while nickel and copper prices declined.At the time of writing, the three-month copper…
Air India’s long-awaited turnaround, spearheaded by the Tata Group, has encountered a serious setback after the fatal crash of AI171 on Thursday that killed all but one of the 242 passengers and crew on board.The accident, which has drawn global attention and prompted a regulatory investigation, threatens to derail the…
India’s aviation regulator has directed Air India to carry out safety inspections on its Boeing BA 787-8/9 fleet, an order showed on Friday, Reuters said. “As a preventive measure DGCA hereby directs M/s Air India to carryout following additional maintenance actions on B787-8/9 aircrafts equipped with Genx engines with immediate effect in…
Latin America’s crypto scene continues to evolve, with new products and regional expansions highlighting its rapid growth.This week’s most notable news is that Brazil has proposed a new regulation to bring cryptocurrencies under financial market tax rules. On the other hand, stablecoins such as USDT are increasingly being used in Bolivia in daily…
Occidental Petroleum Corp (NYSE: OXY) is inching higher this morning after Israel launched an airstrike on Iran, resulting in a meaningful increase in oil prices.Brent crude gained as much as 7.0% today following reports that Israel’s attack has killed senior Iranian officials, sparking fears of broader regional escalation.This new wave…
Brazil’s service sector grew for the third straight month in April, fueled in part by strong transport demand associated with Lady Gaga’s giant concert in Rio de Janeiro, the national statistics agency IBGE said Friday.Gaga’s free show on Copacabana Beach on May 3 that attracted an estimated 2.1 million fans appears to…
Travel and leisure stocks bore the brunt of investor anxiety on Friday after Israel launched airstrikes on Iranian targets, stoking fears of an escalating conflict in the Middle East. The strikes, aimed at crippling Iran’s nuclear infrastructure, rattled global markets and sent oil prices surging, sparking a classic flight to…
Archer Aviation Inc. (NYSE: ACHR) tanked nearly 15% on Friday after raising some $850 million through a registered direct offering.According to the electric vertical takeoff and landing (eVTOL) company, the said offering involved about 85 million of its shares, each of which was sold at a unit price of $10.The…
Air India’s long-awaited turnaround, spearheaded by the Tata Group, has encountered a serious setback after the fatal crash of AI171 on Thursday that killed all but one of the 242 passengers and crew on board.The accident, which has drawn global attention and prompted a regulatory investigation, threatens to derail the…
Defense stocks will be in the spotlight on Friday and in the coming days as investors focus on the ongoing crisis in the Middle East where Israel attacked Iran’s nuclear sites.This attack’s severity means that Iran’s response will be brutal and possibly lead to a prolonged war that draws other…